Rwanda tourism industry counts $36 million loss in one month due to COVID-19
April 17, 2020
By Maniraguha Ferdinand
Rwanda’s tourism industry, the backbone of the country’s economy has lost more than $ 36 million since the coronavirus outbreak.
As of 2018, contribution of travel and tourism to GDP for Rwanda was at 14.9 %, however Coronavirus have affected badly this sector pushing it to the total shutdown with outright uncertainty for recovery.
Businesses people into the sector have asked government to intervene by providing stimulus that will help to recover.
The survey conducted by Rwanda Chamber Tourism of the Private Sector Federation, shows that by the end of March, over $ 36 million have been lost.
Survey predicts that such loss is likely to increase as more members share data, and as well as the time the lockdown will last. From mid-March, Rwanda is in total lockdown which is expected to end by 19th April 2020.
Coronavirus cases in the country stands at 136 as of 16th April, and it is likely to increase that the lockdown will be extended.
Data from the survey reveals that measures taken to contain coronavirus, have led to the suspension of more than 3800 workers in tourism industry, while weakening capacity to repay more than $ 93 million loans tourism industry owes banks.
Nkemnji Global Tech
Pan African Visions | May 14, 2021 6:33 pm
Pan African Visions | May 14, 2021 5:27 pm
Pan African Visions | May 14, 2021 5:02 pm
Zimbabwe‘s Nutrition Active Civil Society Organisation, ZCSOSUNA Takes Multi-Concerted Intervention to Address State of Children’s Poor Diet.
Pan African Visions | May 14, 2021 4:54 pm
May 14, 2021 6:33 pm
Ethiopia: African Development Bank Group signs grant agreement for $31 million to tackle nutrition and end child stunting
May 14, 2021 6:14 pm
In Niger, a rare scene in the pandemic: Covid-19 wards remain empty, agriculture and business benefit from support programs
May 14, 2021 6:04 pm
May 14, 2021 5:27 pm
May 14, 2021 5:02 pm